Dead Earnest Theatre - Charities report - 22.2
Dead Earnest Theatre - Charities report - 22.2
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 |
| FOR |
| DEAD EARNEST THEATRE |
| DEAD EARNEST THEATRE |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 April 2023 |
| Page |
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| DEAD EARNEST THEATRE (REGISTERED NUMBER: 03184125) |
| REPORT OF THE TRUSTEES |
| for the Year Ended 30 April 2023 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives |
| The objects for which the company is established are: |
| To advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama. |
| Vision |
| To be recognised nationally for the development and use of ground breaking Applied Theatre techniques to improve the ways in which people act and interact. |
| Mission |
| To use creativity to encourage learning that leads to new and original thinking and to deliver specific outcomes. |
| Outcomes |
| Improve learning |
| Improve quality of human interaction |
| Advance alternative ways for people to act |
| Challenge through drama political and social issues |
| Advance well being especially marginalised groups such as those with disabilities and or mental health difficulties. |
| Public benefit |
| We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. |
| DEAD EARNEST THEATRE (REGISTERED NUMBER: 03184125) |
| REPORT OF THE TRUSTEES |
| for the Year Ended 30 April 2023 |
| ACHIEVEMENT AND PERFORMANCE |
| Dead Earnest Theatre has now been in existence for 29 years. In that time we have turned over approximately £1.6 million in performing shows, forum theatre performances, education and training events, films and workshops. |
| We have delivered workshops to roughly 3,150 adults and children and performed to approximately 29,300 audience members and have created over 1,800 acting jobs. |
| During the year we have completed the following projects: |
| - Delivery of roleplay work on an ongoing contract for South Yorkshire Police |
| - Delivery of roleplay work on an ongoing contract for Rotherham PCT, NHS |
| - Provided voice actors for an animation for Fettle animation |
| - Delivery of family creative activities for a festival in Rotherham commissioned by ROAR |
| - Delivery of Space for Sharing - a play about Breast Cancer at an event in London for Breast Cancer Now charity |
| - Completion of work carried out on a research project at Sheffield University focusing on Virtual Influencers on an AI platform |
| - Delivery of Joe's World, a training piece of theatre for University Students |
| - Delivery of a creative literacy project for school children at Stradbroke school |
| - Delivery of an original piece of theatre 'The Ratcatcher' for the University of Sheffield's Festival of the Mind |
| - Delivery of guest lecturing work at Sheffield Hallam University |
| - Delivery of an original piece of theatre 'Last Letters' for the University of Sheffield |
| FINANCIAL REVIEW |
| Reserves policy |
| The charitable company aims to maintain a reserves level of three months' core expenditure, which has been reached at the year end. |
| Financial review |
| The net surplus for the year was £560 (2022: £7,254). There was a balance on unrestricted funds of £11,544 at the year end date (2022: £10,984). The charitable company operates on a project by project basis, without salaried staff and expensive overheads. The free reserves at 30 April 2023 were £11,268 (2022: £10,622). |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association. |
| Every member of the company undertakes to contribute to the assets of the company, in the event of the same being wound up while he or she is a member, or within one year after he or she ceases to be a member, for payment of the debts and liabilities of the company contracted before he or she ceases to be a member, and for the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1. |
| Risk management |
| The major strategic risks to which the charity is exposed, as identified by the trustees, have been reviewed during the year and actions taken to mitigate those risks. |
| DEAD EARNEST THEATRE (REGISTERED NUMBER: 03184125) |
| REPORT OF THE TRUSTEES |
| for the Year Ended 30 April 2023 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Independent Examiner |
| S C Fields |
| Hodgson & Oldfield |
| 20 Paradise Square |
| Sheffield |
| S1 2DE |
| Bank |
| The Cooperative Bank |
| Central Commercial Branch |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| DEAD EARNEST THEATRE |
| Independent examiner's report to the trustees of Dead Earnest Theatre ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2023. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
| I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
| S C Fields |
| Hodgson & Oldfield |
| 20 Paradise Square |
| Sheffield |
| S1 2DE |
| 27 February 2024 |
| DEAD EARNEST THEATRE |
| STATEMENT OF FINANCIAL ACTIVITIES |
| for the Year Ended 30 April 2023 |
| 30.4.23 | 30.4.22 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | 2 |
| Charitable activities |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 10,984 |
| DEAD EARNEST THEATRE (REGISTERED NUMBER: 03184125) |
| BALANCE SHEET |
| 30 April 2023 |
| 30.4.23 | 30.4.22 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 10 |
| Unrestricted funds | 10,984 |
| TOTAL FUNDS | 10,984 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| DEAD EARNEST THEATRE (REGISTERED NUMBER: 03184125) |
| BALANCE SHEET - continued |
| 30 April 2023 |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| DEAD EARNEST THEATRE |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 April 2023 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Equipment | - |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| DEAD EARNEST THEATRE |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 April 2023 |
| 2. | DONATIONS AND LEGACIES |
| 30.4.23 | 30.4.22 |
| £ | £ |
| Donations |
| 3. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 30.4.23 | 30.4.22 |
| £ | £ |
| Depreciation - owned assets |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022. |
| 5. | STAFF COSTS |
| There were no employees during the year (2022: nil). |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | funds | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Charitable activities |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 3,730 | - |
| DEAD EARNEST THEATRE |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 April 2023 |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted | Restricted | Total |
| fund | funds | funds |
| £ | £ | £ |
| TOTAL FUNDS CARRIED FORWARD |
10,984 |
- |
10,984 |
| 7. | TANGIBLE FIXED ASSETS |
| Equipment |
| £ |
| COST |
| At 1 May 2022 and 30 April 2023 |
| DEPRECIATION |
| At 1 May 2022 |
| Charge for year |
| At 30 April 2023 |
| NET BOOK VALUE |
| At 30 April 2023 |
| At 30 April 2022 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.23 | 30.4.22 |
| £ | £ |
| Prepayments and accrued income |
| DEAD EARNEST THEATRE |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 April 2023 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.23 | 30.4.22 |
| £ | £ |
| Accrued expenses |
| 10. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.5.22 | in funds | 30.4.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 10,984 | 560 | 11,544 |
| TOTAL FUNDS | 560 | 11,544 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 29,849 | (29,289 | ) | 560 |
| TOTAL FUNDS | ( |
) | 560 |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.5.21 | in funds | 30.4.22 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,730 | 7,254 | 10,984 |
| TOTAL FUNDS | 3,730 | 7,254 | 10,984 |
| DEAD EARNEST THEATRE |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 April 2023 |
| 10. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 54,388 | (47,134 | ) | 7,254 |
| TOTAL FUNDS | 54,388 | (47,134 | ) | 7,254 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.5.21 | in funds | 30.4.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,730 | 7,814 | 11,544 |
| TOTAL FUNDS | 3,730 | 7,814 | 11,544 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 84,237 | (76,423 | ) | 7,814 |
| TOTAL FUNDS | 84,237 | (76,423 | ) | 7,814 |
| DEAD EARNEST THEATRE |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 April 2023 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, payments were made to Mrs C Barnes, the wife of trustee A Barnes, totalling £9,419 (2022: £17,080) for performers fees and management fees. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The charitable company is controlled by its trustees. |